INTRA-DAY GBP/USD: 1.5458

Last Update At 27 Jul 2010 08:45 GMT

Although cable's anticipated retreat after ris-
ing to a fresh 5-mth high 1.5530 in early European
trading n consolidation with mild downside bias is
seen, this move is viewed as a minor correction of
recent upmove n 1.5436 shud hold n bring rebound.

Stand aside n hold long for day trade. Abv 1.54
90/00 signals correction is over, 1.5530 again

Range Forecast
1.5450 / 1.5490


Resistance/Support
R: 1.5530/1.5550/1.5576
S: 1.5451/1.5436/1.5395